Russian broker Otkritie Capital has elevated its head of repo and treasury to CEO as part of a staff reshuffle. The firm is preparing to meet the growing demand for Russian instruments linked to efforts to modernise the country’s equity capital markets.
As CEO, Nikolay Katorzhnov will oversee Otkritie’s investment banking and institutional brokerage business and has been instrumental in growing the broker on Moscow Exchange, where it has become a leader in repo transactions.
Konstantin Tserazov has also been appointed head of fixed income and joins from Troika Dialogue, Sberbank’s investment banking division. He will lead the fixed income, repo and treasury businesses for Otkritie. Additionally, Georgy Mirel will take on the role of head of equities – he was previously head of equity derivatives and equity financing within Otkritie.
“We have now gathered a world-class team and are ready to give our clients the best service possible across all asset classes and geographies,” said Katorzhnov. “Out cutting-edge electronic trading solutions, combined with our relentless focus on client service and the new team structure will further strengthen our position and give us a competitive advantage.”
Russia continues to attract foreign capital to its equity markets, driven in part by initial public offers of Russian firms that have traditionally listed on the London Stock Exchange’s International Order Book. The country’s leading equities trading venue, Moscow Exchange, also migrated to T+2 settlement in March.